4107 Winslow Ave, Phoenix, AZ 85040
20,401 SF | 100% Leased | Industrial Building | Phoenix, AZ 85040 | $6,245,000 ($306/SF) | 6.15% Cap Rate
Asking Price $6,245,000
- Property Type
-
Industrial
- Price / Square Foot
- $306
Listing Contacts
- Property Info
Property Overview
The offering presents a Five (5) year NNN industrial sale leaseback opportunity with established tenant, Wang Electric. The property is a ±20,401 SF building on ±1.89 acres, located in the highly sought-after Sky Harbor Airport submarket and zoned A-1 (Light Industrial) City of Phoenix. The site features ±1 acre of dedicated yard space on a fully paved lot. Tours by appointment only, please do not disturb Tenant.
SALE LEASEBACK Upon Close of Escrow, Seller will execute a five (5) year lease at $32,000 per month NNN offering the Buyer immediate cash flow.
HIGHLY SOUGHT AFTER SUBMARKET The Airport Submarket is one of the most highly sought-after submarkets in Phoenix due to it’s immediate access to most to the Valley’s major freeway systems and proximity to Sky Harbor Airport. This submarket boasts a vacancy rate of only 2.2%
ESTABLISHED TENANT Wang Electric has been in business for over 40 years and has occupied the subject property since 2000.
FULLY PAVED YARD The site is fully paved and situated on 1.89 acres, featuring +/- 1 acre of dedicated yard space.
RARE, A-1 (LIGHT INDUSTRIAL) ZONING A-1 zoning which permits outdoor storage is extremely sought-after valley-wide and is even more difficult to find in the Sky Harbor submarkets.
PROPERTY OVERVIEW
• Industrial Service Facility with Multi-Tenant Functionality
• 20,401 SF Building
• 1.89 Acre Site (82,247 SF)
• Approx. 1 Acre Dedicated Yard
• A-1 Zoning (Light Industrial), City of Phoenix - Permits Most Outdoor Storage Uses
• Fully Asphalt Paved
• Eight (8) Grade Level Doors
• 24.80% Coverage Ratio
PROPOSED LEASEBACK TERMS / YEAR ONE FINANCIALS
• Tenant: Wang Electric Systems (Current Owner)
• Proposed Year One Lease Rate: $32,000 per month NNN
• Proposed Year One NOI: $384,000
• Proposed Leaseback Terms: New Five (5) Year NNN Lease Commencing at the Close of Escrow
SALE LEASEBACK Upon Close of Escrow, Seller will execute a five (5) year lease at $32,000 per month NNN offering the Buyer immediate cash flow.
HIGHLY SOUGHT AFTER SUBMARKET The Airport Submarket is one of the most highly sought-after submarkets in Phoenix due to it’s immediate access to most to the Valley’s major freeway systems and proximity to Sky Harbor Airport. This submarket boasts a vacancy rate of only 2.2%
ESTABLISHED TENANT Wang Electric has been in business for over 40 years and has occupied the subject property since 2000.
FULLY PAVED YARD The site is fully paved and situated on 1.89 acres, featuring +/- 1 acre of dedicated yard space.
RARE, A-1 (LIGHT INDUSTRIAL) ZONING A-1 zoning which permits outdoor storage is extremely sought-after valley-wide and is even more difficult to find in the Sky Harbor submarkets.
PROPERTY OVERVIEW
• Industrial Service Facility with Multi-Tenant Functionality
• 20,401 SF Building
• 1.89 Acre Site (82,247 SF)
• Approx. 1 Acre Dedicated Yard
• A-1 Zoning (Light Industrial), City of Phoenix - Permits Most Outdoor Storage Uses
• Fully Asphalt Paved
• Eight (8) Grade Level Doors
• 24.80% Coverage Ratio
PROPOSED LEASEBACK TERMS / YEAR ONE FINANCIALS
• Tenant: Wang Electric Systems (Current Owner)
• Proposed Year One Lease Rate: $32,000 per month NNN
• Proposed Year One NOI: $384,000
• Proposed Leaseback Terms: New Five (5) Year NNN Lease Commencing at the Close of Escrow
Property Details
- Class
- C
- Year Built
- 1986
- Stories
- 1
- Property Subtype
- Distribution, Service
- Lot Size (sq. ft)
- 82,328 SF
Highlights
- Upon Close of Escrow, Seller will execute a five (5) year lease at $32,000 per month NNN
- The Airport Submarket is one of the most highly sought-after submarkets in Phoenix
- This submarket boasts a vacancy rate of only 2.2%
- Extremely land constrained submarket
- The site is fully paved and situated on 1.89 acres, featuring +/- 1 acre of dedicated yard space.
- Wang Electric has been in business for over 40 years and has occupied the subject property since 2000.
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